- Social S. in 2020 - 1 Update
- Fixing Social Security - 2 Updates
| Bob F <bobnospam@gmail.com>: Aug 05 10:01AM -0700 > in 2020 the cost of living increase will be small because of low > inflation. It's been low for years already because of low inflation, > because, well, that's what it's supposed to reflect and offset. The calculated "inflation" does not reflect the increased spending of most retired people. "Social Security recipients are losing ground financially, despite receiving an annual cost-of-living (COLA) increase. On Oct. 11, the Bureau of Labor Statistics will release inflation data that determines how much more Social Security beneficiaries will receive in 2019. That adjustment is pegged, by law, to the cost-of-living increase for households for whom half or more of their income comes from clerical work or hourly wages. It not only excludes households of unemployed, self-employed, part-time, professional and salaried workers, but also — crucially for seniors — households with no one in the labor force, which includes retirees." "Social Security benefits have lost 34 percent of buying power since 2000, according to a study released earlier this year by The Senior Citizens League. And in the past year alone, Social Security recipients fell 4 percent behind the rise in their actual cost of living, according to Johnson. "The loss occurred even though beneficiaries received a 2-percent annual cost-of-living adjustment (COLA) for 2018," she explained. The main culprit? Medical expenses. More than half of the 1,057 respondents who participated in the annual Senior Citizens League study reported that "their monthly expenses went up by more than $79. Yet 50 percent of survey respondents said that their COLA increased their benefits less than $5 per month, after the increased [Medicare] Part B premium for 2018 was deducted from their Social Security benefits," the study said." https://www.pbs.org/newshour/economy/making-sense/why-social-securitys-annual-increase-doesnt-actually-keep-up-with-cost-of-living |
| ggggg9271@gmail.com: Aug 04 11:32PM -0700 https://www.nbcnews.com/news/us-news/mass-shooting-el-paso-deadliest-2019-among-worst-modern-u-n1039016 |
| ItsJoan NotJoann <itsjoannotjoann@webtv.net>: Aug 05 09:37AM -0700 > https://www.nbcnews.com/news/us-news/mass-shooting-el-paso-deadliest-2019-among-worst-modern-u-n1039016 I'm not sure how NBC has more news on this shooting than other stations since it's on EVERY site. But out of curiosity I clicked on the link and it imme- diately wants me to disable my ad blocker. Nope, not gonna do that. But does this article actually have some sort of 'solution' for fixing Social Security or was it just clickbait for us to open your post? |
| You received this digest because you're subscribed to updates for this group. You can change your settings on the group membership page. To unsubscribe from this group and stop receiving emails from it send an email to misc.consumers.frugal-living+unsubscribe@googlegroups.com. |
